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BINARY OPTIONS INSIGHTS FOR FEBRUARY 10TH 2016

BitCoin/CNY 6291.000 11:00 24.01
USD/MXN 21.421 11:00 24.01
FTSE F-MAR17 7107.750 11:00 24.01
USD/RUB 59.259 11:00 24.01
USD/NOK 8.35711 11:00 24.01
USD/CHF 1.00118 11:00 24.01
OIL-MAR17 (BRENT) 55.480 11:00 24.01
EUR/ILS 4.06935 11:00 24.01
USD/ILS 3.79245 11:00 24.01
SBERBANK 168.585 11:00 24.01
GAZPROM 149.220 11:00 24.01
NZD/CHF 0.72229 11:00 24.01
CAD/CHF 0.75325 11:00 24.01
NZD/USD 0.72145 11:00 24.01
SUGAR (11)-MAR17 20.9750 11:00 24.01
CAD/JPY 85.347 11:00 24.01
AUD/USD 0.75568 11:00 24.01
AUD/JPY 85.721 11:00 24.01
GBP/USD 1.24566 11:00 24.01
EUR/USD 1.07297 11:00 24.01
VTB BANK 0.068940 11:00 24.01
ROSNEFT' 387.325 11:00 24.01
METRO AG 31.955 11:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 11:00 24.01
SILVER 17.108 11:00 24.01
GOLD/EUR 1129.755 11:00 24.01
USD/JPY 113.440 11:00 24.01
EUR/JPY 121.719 11:00 24.01
GOLD VS OIL 21.8500 11:00 24.01
BMW VS DAIMLER 1.22767 11:00 24.01
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By: Adam Stone
February 10th, 2016 08:32am GMT, London UK

Market Recap & Outlook:

Industrial production out of Germany for December posted a contraction of 1.2% month-over-month and 2.2% year-over-year. This came in worse than expectations which called for an increase of 0.5% and a drop of 0.6% respectively. November saw an upward revision in order to reflect a smaller decrease of 0.1% month-over-month as the year-over-year increase remained unchanged at 0.1%. The Euro moved lower following the announcement.

The total trade deficit out of the United Kingdom for the month of December was reported at £2.709 billion following the upward revised deficit of £4.031 billion which was reported in the previous month. The visible trade deficit clocked in at £9.917 billion and the non-EU trade deficit came in at £2.360 billion after November saw an upward revision to £11.503 billion and £3.540 billion respectively. This report came in better-than-expected across the board and pushed the British Pound to the upside.

The Energy Information Agency (EIA) out of the United States will release its inventory report for the week ending February 5th 2016. Crude oil inventories are anticipated to climb by 4,100,000 barrels while gasoline inventories are estimated to increase by 2,185,400 barrels. This would follow the previous week’s build-up of 7,792,000 barrels and 5,938,000 barrels respectively. Binary option trade accounts indicate an overweight in call options for crude oil.

Today’s Binary Option Trading Recommendations Overview:
• NZD/USD – Binary Put Option
• USD/JPY – Binary Call Option
• EUR/GBP – Binary Put Option
• Crude Oil – Binary CallOption
• FTSE100 – Binary Call Option

Currency Pairs on today’s Radar Screen:
NZD/USD
– The NZD/USD is being pressured to the downside by its descending resistance level which emerged from its intra-day high of 0.6751 reached on February 5th 2016. The descending 50 Day Moving Average (DMA) is narrowing the gap to the ascending200 DMA. The Accelerator Oscillator (AC) shows the drop in upside momentum while the Relative Strength Index (RSI) is trading in neutral conditions following the drop from overbought territory.

NZD/USD Binary Options Insights for February 10th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its descending resistance level with an increase in downside pressure. The NZD/USD is expected to reverse back into its horizontal support level. Binary option traders are advised to seek binary put options in the NZD/USD currency pair on rallies above 0.6600 on the H1 Hourly Chart. The downside potential for this binary put option is 150 pips to 0.6450 while the upside potential is 65 pips to 0.6665. This results in a risk/reward ratio of 2.31.

USD/JPY – The USD/JPYis depleting downside pressure inside of its horizontal support level from where a price action reversal is favored. The 50 DMA is drifting to the downside and continues to trade below the200 DMA which is descending as well. The AC points towards the formation of a positive divergence in this currency pair.The RSI is trading in neutral territory after completing a breakout from extreme oversold conditions.

USD/JPY Binary Options Insights for February 10th 2016

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. The USD/JPY is anticipated to accelerate back into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 114.800 on the H1 Hourly Chart. The upside potential for this binary call option is 690 pips to 121.700 while the downside potential is 225 pips to 112.550. This results in a risk/reward ratio of 3.07.

EUR/GBP – The EUR/GBP advanced from its horizontal support level into its horizontal resistance level from where upside pressure is fading. The 50 DMA is trading above the200 DMA and both moving averages are advancing. The AC indicates the retreat in positive momentum and the RSI is trading in neutral conditions as a result of the reversal from extreme overbought territory; a drop into oversold levels is anticipated.

EUR/GBP Binary Options Insights for February 10th 2016

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading below of its horizontal resistance level while upside pressure is contracting. The EUR/GBP is expected to enter a corrective phase. Binary option traders are advised to seek binary put options in the EUR/GBP currency pair on rallies above 0.7790 on the H1 Hourly Chart. The downside potential for this binary put option is 265 pips to 0.7525 while the upside potential is 60 pips to 0.7850. This results in a risk/reward ratio of 4.42.

Today’s Commodity Trade
Crude Oil
– Crude Oil is testing the strength of its horizontal support level from where a breakdown is unlikely to materialize. Thedescending 50 DMA is increasing the distance to thedescending 200 DMA. The AC favors an advance due to the build-up a positive pressure. The RSI is trading in oversold territoryfollowing the drift higher from extreme oversold conditions. A binary options forum can provide valuable answers to questions by new traders.

Crude Oil Today’s 10/02/2016 Commodity Trade

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading inside of its horizontal support level. Crude Oil is anticipated to drift into its 50 DMA from where a breakout is expected. Binary option traders are advised to seek binary call options in Crude Oil on dips below 28.75 on the H1 Hourly Chart. The upside potential for this binary call option is 560 pips to 34.35 while the downside potential is 175 pips to 27.00. This results in a risk/reward ratio of 3.20.

Today’s Equity Index Recommendation
FTSE 100
– The FTSE 100is validating its horizontal support level from where a price action reversal is anticipated to emerge.The 50 DMA is moving to the downside and drifting further away from the200 DMAwhich is descending at a slower pace. The AC suggests an advance while a positive divergence formed as the RSI is trading in neutral territory after bouncing to the upside from a brief dip into extreme oversold conditions.

FTSE 100  Today’s 10/02/2016 Equity Index Recommendation

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading inside of its horizontal support level with an accumulation in positive pressure. TheFTSE 100 is expected to recover to the upside. Binary option traders are advised to seek binary call options in the FTSE 100 equity index on dips below 5,670.00on the H1 Hourly Chart. The upside potential for this binary call option is 46,000 pips to 6,130.00 while the downside potential is 17,000 pips to 5,500.00. This results in a risk/reward ratio of 2.71.

Key Fundamental Data:

New Zealand –Card spending for January rose by 0.6% month-over-month and retail card spending expanded by 0.3% after rising by an upward revised 0.4% and 0.1% in December respectively.

Australia – Westpac Consumer Confidence increased by 4.5% to 101.3 for the month of February. This followed January’s drop of 3.5% to 97.3.

Japan – The January domestic corporate goods price index decreased by 0.9% month-over-month and by 3.1% year-over-year following the downward revised contraction of 0.4% and 3.5% which was reported in December.

Australia –HIA New Home Sales surged by 6.0% in December month-over-month after posting a contraction of 2.7% in the previous month.

Philippines – December industrial production plunged by 2.6% year-over-year which marked a reversal over the previous year’s increase of 1.0%.

Eurozone – Expectations for industrial production out of Finland favor a rise of 0.3% in December year-over-year, partially reversing the contraction of 1.7% which was released in 2014.

Indonesia – Retail sales for the month of December are set to increase by 4.8% year-over-year following the previous year’s surge of 10.2%.

Eurozone – Consensus estimates for French industrial production call for a growth rate of 0.2% in December month-over-month and 2.8% year-over-year. This would represent a reversal over November’s contraction of 0.9% month-over-month and match the 2.8% rise year-over-year.

Eurozone – Economists anticipate December Italian industrial production to increase by 0.3% month-over-month and 1.4% year-over-year following the previous month’s decrease of 0.5% and rise of 0.9% respectively.

United Kingdom – Expectations for December industrial production favor a drop of 0.1% month-over-month and an increase of 1.0% year-over-year after posting a contraction of 0.7% and a growth rate of 0.9% in November. Manufacturing production is anticipated to rise by 0.1% month-over-month and to plunge by 1.4% year-over-year following the previous month’s decrease of 0.4% and 1.2% respectively.

Eurozone – The consumer price index (CPI) out of Portugal for January is called down by 0.5% month-over-month and up by 0.2% year-over-year after decreasing by 0.3% and rising by 0.4% in December.

United States – Mortgage Bankers Association (MBA) mortgage applications are set to contract by 0.5% for the week ending February 5th 2016 following the previous week’s drop of 2.6%.

United Kingdom – The NIESR gross domestic product (GDP) estimate for the three month’s ending in January favors a growth rate of 0.6% which would match December’s estimate.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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